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Polymarket raises funding round that values it at $21 billion

The round is led by 1789 Capital, which plans to invest about $300 million, pushing the prediction market’s valuation from $15 billion to $21 billion.

Reported · Written up by our desk · Market Structure

The New York Times reports Polymarket has led a new funding round totaling $1 billion, with the company valued at $21 billion.

According to the outlet, the valuation is higher than the prior $15 billion figure, and 1789 Capital, linked to Donald Trump Jr., is expected to invest around $300 million in the round.

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